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<br />Project # <br /> <br />06-BLDG-OOl <br /> <br />Departnlent Capital Impr Bonding Projects <br />Contact <br />Type Buildings. . <br />Useful Life 50 Years <br />Category Capital Improvement Bonding <br /> <br />ProlectName- Public Works Campus Building ImprovelD.ents <br /> <br />Description Total Project Cost: ,$11,000,000 Priority nla <br /> <br />This project contemplates acquisition of25 acres for a new public works campus and construction of the first phase of buildings to serve the needs of the <br />community. The 2006 salt storage building can be relocated to the site. <br /> <br />ClP Act Criteria: <br />1. Conditions of City Infrastructure and Need for the Project: <br />The present public works site is landlocked and current size cannot be expanded to <br />meet expected future growth. <br /> <br />2. Demand for Improvement: <br />As described above, the site doesn't meet the needs. of the future. <br /> <br />3. Costs of the Improvement: <br />Land:. $3,000,000 <br />Building: $8,000,000 <br /> <br />4. Availability of Public Resources: <br />The project may be funded by a combination of general property tax levy and available <br />resources on hand. In addition, the bonds would be secured by the City's full faith <br />and credit. <br /> <br />5. Relative Costs and Benefits of Alternative Uses ofthe Funds: <br />There are no significant alternatives for funds designated for this project. <br /> <br />6. Operating Costs of the Proposed.Investments: <br />There would be no operating costs for the first five years. The hind will be held <br />and developed as groWtlroccurs. . <br /> <br />7. Options for Shared Facilities with Other Cities or Local Government: <br />Not applicable; the site currently exists, and is located next to current PW facility. <br /> <br />. <br /> <br />8. Level of Overlapping Debt: <br /> <br />Justification, <br /> <br />I <br /> <br />The City population is projected to continue to grow. Staffhas polled other municipalities that are currently the size of Ramsey's projected growth. This proposed <br />area is the median size. for a public works campus. The present campus is land locked and cannot be expanded to meet this median size. This project anticipates <br />land acquisition and the start of a public works campus that can grow as the city grows. . <br />. <br /> <br />Prior Expenditures 2010 2011 <br />I . 3,000,000 I Building Cost/Construction 8,000,000 0 <br />Total Total B,DDD,DDD <br /> Prior Funding Sources 2010 2011 <br />I 3,000,000 I CIP Bonding . B,OOO,OOO <br /> Total Total B,OOO,OOO <br /> <br />2012 <br /> <br />2013 <br /> <br />2014 <br /> <br />Total <br />8,000,000 <br /> <br />B,OOO,OOO <br /> <br />2012 <br /> <br />2013 <br /> <br />2014 <br /> <br />Total <br />8,000,000 <br /> <br />. B,OOO,DDO <br /> <br />.0 <br /> <br />Revised 12/09 <br />20 <br />